The New Jersey Nets(8)
are owned byRaymond Chambers and Lewis Katz
who bought them
in 1998
for $150 mil.

The skinnyThe New Jersey Nets may soon become the New York Nets. The team, burdened by an onerous lease at Continental Airlines Arena, and a mountain of debt, could soon be sold to real estate developer Bruce Ratner for $300 million. Ratner wants to move the team to a new arena in Brooklyn as part of a development project. Continental Airlines (nyse: CAL - news - people) has stadium naming rights.
Major corporate sponsors are Nestle (otc: NSRGY - news - people), Foot Locker (nyse: FL - news - people), United Parcel Service (nyse: UPS - news - people), Konica Minolta (otc: KNCAY - news - people), Wachovia (otc: WB - news - people)

Revenues and operating income are for 2002-03 season.
(1)Value of team based on current arena deal (unless new arena is pending) without deduction for debt (other than arena debt).
(2)Current team value compared with most recent transaction.
(3)Includes arena debt.
(4)Earnings before interest, taxes and depreciation.
(5)Includes benefits and bonuses.
(6)Includes club seats.
(7)Team Relative Productivity Score compares the number of wins per player payroll relative to the rest of the NBA. A score of 120 means that the team achieved 20% more victories per dollar of payroll compared with the league average.
(8)Sale pending to Bruce Ratner.
(9)Sale pending to Atlanta Spirit.
NM: Not meaningful (last transaction within past 3 years).

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